DOCSLIB.ORG

Eni Exploration & Production in Kazakhstan

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Eni Exploration & Production in Kazakhstan Eni Exploration & Production in Kazakhstan September 2015 Eni milestones in Kazakhstan | 1992 | 2002 | 2012 Eni acquired the exclusive right to explore and produce Kalamkas field discovery National Company to negotiate the development hydrocarbons at the ”KazMunayGas” officially entered of Karachaganak field under Kashagan field | 2003 Karachaganak Joint Venture PSA regime Aktoty and Kairan fields’ discovery | 1999 The Karachaganak Phase 2 | 2014 | 1993 Karachaganak Phase 2 of development completed. North Caspian Operating The Kazakhstan Caspyi Shelf of development started President of Kazakhstan, Company N.V. appointed as Consortium Agreement Nursultan Nazarbayev, a single entity operator of the was signed, providing 11 blocks | 2000 NCSPSA activities inaugurated “First Oil” of Phase 2 in the North Caspian Sea with Kashagan field discovery 2 Eni and National Company acreage 5.500 km | 2004 “KazMunaiGas” signed strategic | 2001 Approval of the Kashagan agreement which defines | 1997 A subsidiary of Eni, Agip Development Plan and Budget principal terms of cooperation Both the Karachaganak Final Caspian Sea B.V., selected for the joint development of the Production Sharing Agreement as sole operator under | 2005 Isatay block located in the (FPSA) and the North Caspian NCSPSA. Such role was National Company Kazakhstan Sector of the Caspian Sea Production Sharing delegated to Agip “KazMunayGas” officially entered Sea and construction of a ship Agreement (NCSPSA) were signed Kazakhstan North Caspian the Kashagan Project building and ship repair yard Operating Company N.V. in Kuryk - Mangistau region | 1998 (Agip KCO) | 2009 Eni appointed co-operator with President of the Republic NCOC became operator under | 2015 BG for Karachaganak field of Kazakhstan, Nursultan the NCSPSA with Agip KCO “KazMunaiGas” and Eni finalized Offshore Kazakhstan Nazarbayev, opened maintaining the responsibility an agreement that defines the International Operating Company a new power station at the as designated agent for Kashagan commercial terms of the transfer N.V. (OKIOC) was established by Karachaganak Processing Phase 1 development until to Eni of 50% of the subsoil use International Consortium Complex (KPC) commercial production rights in the Isatay offshore block Eni projects Delivering Eni is one of the first international oil and gas companies on sustainable value to enter Kazakhstan at the beginning of the 90s. Over the years, Eni has maintained a strong presence in the Republic’s energy Eni considers sustainability a driver in the process of continuous industry, holding important stakes in two of the country’s largest improvement that guarantees results over time, while reinforcing projects: Eni is co-operator of the Karachaganak field and the its business performance and reputation. partner in the North Caspian Sea Production Sharing Agreement It is committed to taking action aimed at promoting respect (NCSPSA). for people and their rights, the environment and more generally, the broader interests of the communities in which it operates. It conducts its activities by taking full account of the interests of the Kashagan stakeholders, aware that dialogue and shared objectives are the way to create reciprocal value. Eni holds a 16,81% working interest in NCSPSA, which defines terms and conditions for the exploration and development of the Kashagan field discovered in the Northern section Environment of the contractual area in the year 2000 over an undeveloped area extending for 4,600 square kilometers. An innovative environmental monitoring system was implemented Due to the magnitude combined with technical and environmental in 2014. The project designed by Eni provides for the application complexities, the Kashagan field will be developed in phases of a mobile underwater vehicle (AUV) able to realize an environmental by North Caspian Operating Company New Venture (NCOC N.V.), monitoring and asset integrity at the production facility. the current sole operator of the PSA. During the year the integrated program for the management of biodiversity in the Ural Delta (Ural River Park Project - URPP) Other discoveries in the area include also the fields of Kalamkas, was completed which is actually the first private-public cooperation Aktoty and Kairan. project of this kind in the Caspian region. The program was launched by Eni under the sponsorship of the Environment and Water Resources Kazakh Authority and aimed to protect the environment Karachaganak and ecosystems in the Caspian area. In June 2014 the project received an official UNESCO designation Located onshore in West Kazakhstan, Karachaganak field to be included in the Man and Biosphere Program. was discovered in 1979 and is one of the world’s largest gas and condensate fields. Operations are conducted by the Karachaganak Petroleum Education Operating Consortium (KPO) with Eni and BG as co-operators. Eni has always demonstrated a great commitment towards In 2014 the production of the Karachaganak field averaged 242 the development of scientific and technological skills at the academic kbbl/d of liquids and 909 mmcf/d of natural gas. institutions of the countries in which it operates. In 2012 Eni and the “Nazarbayev University Research and Innovation System” (NURIS), with the support of Eni Corporate University, have stipulated an agreement for the establishment of an “Eni families have the opportunity to spend time in the pleasant Research Laboratory in Environmental Engineering”. The project environment of the Adriatic coast, participate in diverse health is promoting the development of the specific educational programs and entertainment events and take excursions to different Italian and scientific and technological skills, with the focus on solar energy cities and historical sites. engineering and material structure. Overall, about 2.000 children have visited the camp. Eni also contributes to the sustainable development of the regions Promotion of health through its partnership in Kashagan and Karachaganak projects. For Eni the promotion of wellbeing in local communities represents To date, the value of investments into social infrastructure projects an important tool for improving its effectiveness as a partner in Western Kazakhstan Oblast amounts to over US$ 275 million. in development. The construction of two Sports Centers in Mangistau A large number of new schools, kindergartens, hospitals, as well as region were sponsored by Eni. The first one in Kyzyltobe village was social and community-purpose buildings have been constructed completed in summer 2013, the second in Baskudyk village - in 2014. in recent years. Hundreds of kilometers of roads were also laid. Both sport complexes are suitable for boxing, basketball, volleyball, gymnastic and many other activities and will become the center The social infrastructure program in Atyrau and Mangistau Regions, of sport and cultural life in the area. where Kashagan operations are located, covers the construction of schools, kindergartens, sport facilities, and other infrastructure designed to benefit the community including the building of roads, Annual children reception in Italy the supply of electric power, gas and water. To date, investments in social projects have exceeded US$ 440 million. An established and traditional Eni program dedicated to young people is the annual reception for Kazakh children in the renowned Italian sea resort of Cesenatico, on the shore of Adriatic Sea. Every year since 1999, over 160 Kazakh children from disadvantaged Eni at a glance Eni is an integrated energy company employing more than 84,000 people in 83 Countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity, fuels and chemical products. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors. Furthermore, Eni operates in engineering, oilfield services and construction both offshore and onshore, focusing on the execution of technologically-advanced mega-projects mainly located in frontier areas. Eni’s strategies, resource allocation processes and conducting of day-by-day operations underpin the delivery of sustainable value to all of our stakeholders, respecting the Countries where the company operates and the people who work for and with Eni. Integrity in business management, support the Countries development, operational excellence D Island in conducting operations, innovation in developing competitive solutions, inclusiveness of Eni’s people and development of know-how and skills, integration of financial and non-financial issues in the company’s plans and processes drive Eni in creating sustainable value. These elements lead to wise investment choices, prevention of risks and the achievement of strategic objectives in the short, medium and long term. In 2015, Eni confirmed its presence in the Dow Jones Sustainability indices and in the FTSE4Good Sustainability index in the June half-yearly review. Main figures for 2014 • adjusted net profit: € 3,707 mln • cash flow from operations: € 15,110 mln • net borrowings: € 13,685 mln • dividends paid to shareholders: € 4,006 mln leverage: 0.22 visit eni.com • • hydrocarbon proved reserves: 6.60 bln boe • hydrocarbon production: 1,598 kboe/d • worldwide gas sales: 89.17 bcm • retail oil products sales in Europe: 9.21 mmtonnes • service stations in Europe: 6,220 Eni S.p.A. Agip Caspian Sea B.V. - Kazakhstan Branch Piazzale Enrico Mattei, 1 Agip Karachaganak B.V. - Kazakhstan Branch 00144 Rome - Italy Business Center Moskva Ph.: +39.06.598.21 18, Dostyk Street, Essyl District Fax: +39.06.598.221.41 010000, Astana, Republic of Kazakhstan eni.com Ph.: +7.7172.79.28.00; Fax: +7.7172.79.28.03 eni.com.
Load more

Recommended publications
  • Story of Mattei and ENI Have Been Told in Dechert (1963), Frankel (1966), and Votaw (1964)
    cwd Z --- x 'P~ K anI In '~ ~ MEMO~1 R V ? d~p QW! 4.4 41 4>4 1 . A> 4 ~ ~ '~* >1.'..441>~4> ~ ~ 2 :~>41.4144j 4.~. TWO4 44 44~4~ > - 1, 4 1 4414.414~~ ~ ~ ~ 4~~~ED . n.11.1444>1, ' ~ ~ tT t 4.. ~4''~4. .. ~~ 44> ,4.44~441...4.4~ >1144444144 ~. 4> 4,444~IW "jj 1 '44'> r a 4.411.44 ~ '4> 4.'>.. ~14~ >414~ ~ .. ~ 4*.4.~ ~ ~ ~ v1K,>~,4 *,;44>1k>44*1104>~441 4 R11 4.4-44.~ ~ ~~~ 44>.44>1~. ~ ~.>> ~ ~ ~ ~ ~~lz 0,4>41-4.,>- ~ >1 >4-~ > ~~~~~~ 4 44 rt p>4~>. g4>--.'~Ah1 4,>.>~4- >'1i4~g1 N'>4 >.4'4 ~ ~ ~ "T-.1s,'"',.I A >44--. >.A 4.. L44'144 k. 4 44444 44 44 ' 44 - -444444'~4>4> ~44~'.4*--4.->..- ~ 4444> >114f11}A4 Azov4 ALT 1444M101>'4: Mgt;>4.1444~..>444>,4.44~>~~I AWNNow,4>~44 Wow4 an . 4444 444>44444>4>4> 44 .. 4.>. 2 4~ -~4>.4Room" 44 <1~ aJ7>.4 -0>4 maw, .......... >4.>> >->4 . ,.~ > . .... -Mow mglp .. 44>4~ ~~4'44>44~444 4 44Y44 44> 4-4 144444 4 4 44~4 4&4144~4444 ~4A mill MULTINATIONAL OLIGOPOLY IN POOR COUNTRIES: HOW EAST AFRICA GOT ITS PETROLEUM REFINERIES* by Barry Herman Library Cerer for Research on Economic DeveJlpment Street 506 East Liberty 48108 Ann Arbor, Michigan CENTER FOR RESEARCHON ECONOMIC DEVELOPMENT The University of Michigan Ann Arbor, Michigan 48108 Discussion Paper 39 September 1974 Multinational Oligopoly in Poor Countries: How East Africa Got Its Petroleum Refineries by Barry Herman ABSTRACT We claim here that the major institutional features of direct foreign investment (i.e., that large multinational firms operate in "imperfect" mar- kets) have implications for the nature and conditions under which direct investments are made and lead to a suggested methodology for studying specific cases.
    [Show full text]
  • 3. Energy Reserves, Pipeline Routes and the Legal Regime in the Caspian Sea
    3. Energy reserves, pipeline routes and the legal regime in the Caspian Sea John Roberts I. The energy reserves and production potential of the Caspian The issue of Caspian energy development has been dominated by four factors. The first is uncertain oil prices. These pose a challenge both to oilfield devel- opers and to the promoters of pipelines. The boom prices of 2000, coupled with supply shortages within the Organization of the Petroleum Exporting Countries (OPEC), have made development of the resources of the Caspian area very attractive. By contrast, when oil prices hovered around the $10 per barrel level in late 1998 and early 1999, the price downturn threatened not only the viability of some of the more grandiose pipeline projects to carry Caspian oil to the outside world, but also the economics of basic oilfield exploration in the region. While there will be some fly-by-night operators who endeavour to secure swift returns in an era of high prices, the major energy developers, as well as the majority of smaller investors, will continue to predicate total production costs (including carriage to market) not exceeding $10–12 a barrel. The second is the geology and geography of the area. The importance of its geology was highlighted when two of the first four international consortia formed to look for oil in blocks off Azerbaijan where no wells had previously been drilled pulled out in the wake of poor results.1 The geography of the area involves the complex problem of export pipeline development and the chicken- and-egg question whether lack of pipelines is holding back oil and gas pro- duction or vice versa.
    [Show full text]
  • 2D Seismic Survey in Block AD- 10, Offshore Myanmar
    2D Seismic Survey in Block AD- 10, Offshore Myanmar Initial Environmental Examination 02 December 2015 Environmental Resources Management www.erm.com The world’s leading sustainability consultancy 2D Seismic Survey in Block AD-10, Environmental Resources Management Offshore Myanmar ERM-Hong Kong, Limited 16/F, Berkshire House 25 Westlands Road Initial Environmental Examination Quarry Bay Hong Kong Telephone: (852) 2271 3000 Facsimile: (852) 2723 5660 Document Code: 0267094_IEE_Cover_AD10_EN.docx http://www.erm.com Client: Project No: Statoil Myanmar Private Limited 0267094 Summary: Date: 02 December 2015 Approved by: This document presents the Initial Environmental Examination (IEE) for 2D Seismic Survey in Block AD-10, as required under current Draft Environmental Impact Assessment Procedures Craig A. Reid Partner 1 Addressing MOECAF Comments, Final for MOGE RS CAR CAR 02/12/2015 0 Draft Final RS JNG CAR 31/08/2015 Revision Description By Checked Approved Date Distribution Internal Public Confidential CONTENTS 1 EXECUTIVE SUMMARY 1-1 1.1 PURPOSE AND EXTENT OF THE IEE REPORT 1-1 1.2 SUMMARY OF THE ACTIVITIES UNDERTAKEN DURING THE IEE STUDY 1-2 1.3 PROJECT ALTERNATIVES 1-2 1.4 DESCRIPTION OF THE ENVIRONMENT TO BE AFFECTED BY THE PROJECT 1-4 1.5 SIGNIFICANT ENVIRONMENTAL IMPACTS 1-5 1.6 THE PUBLIC CONSULTATION AND PARTICIPATION PROCESS 1-6 1.7 SUMMARY OF THE EMP 1-7 1.8 CONCLUSIONS AND RECOMMENDATIONS OF THE IEE REPORT 1-8 2 INTRODUCTION 2-1 2.1 PROJECT OVERVIEW 2-1 2.2 PROJECT PROPONENT 2-1 2.3 THIS INITIAL ENVIRONMENTAL EVALUATION (IEE)
    [Show full text]
  • Kashagan and Tengiz
    KashaganandTengiz—CastorandPollux DanielJohnstonandDavidJohnston AdaptedfromPetroMinMagazine–15December,2001. The recently announced super giant Kashagan discovery in the Kazakhstan sector of the NorthCaspianSeaistheworld’slargestdiscovery in three decades. Kashagan, located in shallowwater,isananalogtotheonshoreTengizfieldlocatedapproximately130to150km (85miles)tothesoutheast. KashaganandTengizarethetwolargestfieldsinKazakhstan—theiroilreservesalonerival theUnitedStates22Billionbarrelsofoil,yettheyhavehardlybeguntoproduce.Tengizin 10yearsofproductionhasproducedlessthan10%ofit’srecoverablereserves.Andwhile Kashaganwasonlyjustdiscovered,thereareothersimilarstructuresintheKashaganlicense areathatareyetundrilled.Overall,thedevelopmentcostswilllikelycosttensofbillionsof dollars but revenues to the Contractor group (the oil companies) and the Kazakhstan Governmentcouldexceed onetrilliondollars . TheKashaganprospect,(Figure1)namedafterthegreatKazakhpoet,wasidentifiedbythe Soviets in the early 1970s. However, the extremely promising prospect, located in an environmentallysensitiveandhighcostenvironment,wasnotdrilledatthattime. Threewellshavebeendrilledonthestructuresincelate2000andtheprospecthaslivedupto it’spromise.Appropriately,theKashaganproduction sharingagreement (PSA) is about as 1 famousasthediscovery. Every single percentage point (1%) take (either Government or Contractor take) could representfrom$1.5to$2billioninprofitsforthefirst10billionbarrelsalone.Thisisabig one. Thediscoveryisratedat6.4to100billionbarrels. 2However,itislikelythatagoodworking
    [Show full text]
  • Liquefied Petroleum Gas (LPG)
    Liquefied Petroleum Gas (LPG) Demand, Supply and Future Perspectives for Sudan Synthesis report of a workshop held in Khartoum, 12-13 December 2010 The workshop was funded by UKaid from the Department for International Development Cover image: © UNAMID / Albert Gonzalez Farran This report is available online at: www.unep.org/sudan Disclaimer The material in this report does not necessarily represent the views of any of the organisations involved in the preparation and hosting of the workshop. It must be noted that some time has passed between the workshop and the dissemination of this report, during which some important changes have taken place, not least of which is the independence of South Sudan, a fact which greatly affects the national energy context. Critically, following the independence, the rate of deforestation in the Republic of Sudan has risen from 0.7% per year to 2.2% per year, making many of the discussions within this document all the more relevant. Whilst not directly affecting the production of LPG, which is largely derived from oil supplies north of the border with South Sudan, the wider context of the economics of the energy sector, and the economy as a whole, have changed. These changes are not reflected in this document. This being said, it is strongly asserted that this document still represents a useful contribution to the energy sector, particularly given its contribution to charting the breadth of perspectives on LPG in the Republic of Sudan. Liquefied Petroleum Gas (LPG) Demand, Supply and Future Perspectives for Sudan Synthesis report of a workshop held in Khartoum, 12-13 December 2010 A joint publication by: Ministry of Environment, Forestry and Physical Development – Sudan, Ministry of Petroleum – Sudan, United Kingdom Department for International Development, United Nations Development Programme and United Nations Environment Programme Table of contents Acronyms and abbreviations .
    [Show full text]
  • Central Asia's Oil and Gas Reserves
    JANUARY 23-25, 2010 THUN, SWITZERLAND EURASIA EMERGING MARKETS FORUM Central Asia’s Oil and Gas The Emerging Markets Forum was created by the Centennial Group as a not-for-prot Reserves: initiative to bring together high-level government and corporate leaders from around the To Whom Do world to engage in dialogue on the key economic, nancial and social issues facing They Matter? emerging market countries. Martha Brill Olcott The Forum is focused on some 70 emerging market economies in East and South Asia, Eurasia, Latin America and Africa that share prospects of superior economic performance, already have or seek to create a conducive business environment and are of near-term interest to private investors, both domestic and international. Our current list of EMCs is shown on the back cover. We expect this list to eveolve over time, as countries’ policies and prospects change. Further details on the Forum and its meetings may be seen on our website at http://www.emergingmarketsforum.org Emerging The Watergate Oce Building, 2600 Virginia Avenue, NW, Suite 201 Markets Forum Washington, DC 20037, USA. Tel:(1) 202 393 6663 Fax: (1) 202 393 6556 A nonprofit initiative of the Centennial Group Email: [email protected] Bringing people together to accelerate growth and well-being in emerging markets Central Asia’s Oil and Gas Reserves: To Whom Do They Matter? Martha Brill Olcott¹ Summary Iolathan-Osman gas field, a field confirmed as one of the world’s top five deposits in an independent audit It seems like anytime one opens the business section by Gaffney, Cline and Associates.
    [Show full text]
  • Production of First Barrels of Oil from the Kashagan Field in the North Caspian Sea, the Republic of Kazakhstan
    September 12, 2013 NEWS RELEASE ｗｗｗ.jogmec.go.jp Japan Oil, Gas and Metals National Corporation Contact: Project Department TEL：03-6758-8668 Media Relations: Public Relation Division TEL：03-6758-8106 Production of First Barrels of Oil from the Kashagan Field in the North Caspian Sea, the Republic of Kazakhstan JOGMEC (President: Hirobumi Kawano) announced today that the first well was opened and initial volumes of oil are being produced from the giant Kashagan field in the North Caspian Sea, the Republic of Kazakhstan on 11 September 2013, where INPEX North Caspian Sea Ltd. participates enjoying JOGMEC’s equity financing and loan guarantee programs. The giant Kashagan field is located 80 km offshore Atyrau in the northern part of the Caspian Sea of the republic of Kazakhstan with spanning an area of 75km by 45km; water depth 3-5 m; 4,200 m below the seabed. North Caspian Production Sharing Agreement (NCSPSA）was signed 1997 with the government of the Republic of Kazakhstan, the oil discovery was declared in 2000 followed by declaration of commerciality in 2004. INPEX North Caspian Sea Ltd. acquired the participating interest in September 1998 and has proceeded the development of the giant Kashagan field with consortium partners of KazMunayGas (KMG), Eni, Shell, ExxonMobil, Total, ConocoPhillips through the project operator NCOC. The production rate in the initial period is planned at 180,000 barrels per day (b/d). Thereafter the production is anticipated to be progressively ramped up towards a production capacity of 370,000 b/d. ■ Background Information 1. Corporate Data: INPEX North Caspian Sea Ltd.
    [Show full text]
  • Special Energy Issue on Kazakhstan |April 2018
    Special Energy Issue on Kazakhstan |April 2018 CONTENTS GENERAL ........................................................................................................................... 1 OIL & GAS PRODUCTION .................................................................................................. 3 OIL & GAS EXPORT & TRANSPORTATION ......................................................................... 3 OIL & GAS INFRASTRUCTURE ........................................................................................... 5 PROCESSING & REFINERY ................................................................................................. 6 RENEWABLE ENERGY ........................................................................................................ 6 INDUSTRY EVENTS IN 2018 .............................................................................................. 7 CONTACTS ........................................................................................................................ 7 The Economic Section of the Embassy of the Kingdom of the Netherlands in Kazakhstan intends to distribute this newsletter as widely as possible among Dutch institutions, companies and persons from the Netherlands. The newsletter summarises economic news from various Kazakhstani and foreign publications and aims to provide accurate information. However, the Embassy cannot be held responsible for any mistakes or omissions in the bulletin. SPECIAL ENERGY ISSUE, April 2018 Embassy of the Kingdom of the Netherlands GENERAL
    [Show full text]
  • Energy Forum
    ENERGY FORUM A QUARTERLY JOURNAL FOR DEBATING ENERGY ISSUES AND POLICIES CONTENTS Issue 73 May 2008 Oil in Africa Jean-Pierre Favennec Bassam Fattouh Walid Khadduri Africa is often referred to as the forgotten continent. It only catches Philippe Copinschi the headlines when revolutions, massacres or massive electoral Gerald Doucet and Latsoucabé Fall – page 3 fraud take place. Africa is not a poor continent however. There is both hydrocarbon and mineral wealth. Oil and gas resources are US Presidential valuable assets for the countries that possess them, and globally for Candidates and Energy an energy hungry world. In this issue of Forum five authors assess Michael Lynch – page 16 successes achieved and problems faced by some African countries Comments on Gas in the hydrocarbon and electricity fields. Demand, Contracts and Prices Jean-Pierre Favennec sets the scene to participate in the development of James T. Jensen – page 17 describing first the main features oil and gas upstream. Bassam Fat- of the energy sector in the conti- touh shows how Libya managed to Asinus Muses – page 20 nent, most remarkably the very attract a very large number of for- low level of primary commercial eign oil companies from the super energy consumption particularly in majors to newcomers from the East sub-Saharan countries (other than after the lifting of sanctions in 2004. South Africa). This reflects the state This was not done by offering cheap of under-development of the region and easy terms in production shar- and in turn may well be a contribut- ing agreements. On the contrary, ing cause.
    [Show full text]
  • Oil Transportation: ENI's Fleet, Italian Ports and Pipelines (1950S-1970S)
    Journal of Business and Social Science Review Issue: Vol. 1; No.7; July 2020 pp.46-68 ISSN 2690-0866(Print) 2690-0874 (Online) Website: www.jbssrnet.com E-mail: [email protected] Oil Transportation: ENI’s fleet, Italian Ports and Pipelines (1950s-1970s) Ilaria Suffia Research Fellow in Economic History Università Cattolica of Milan. Abstract: To make a profitable business, oil multinationalshave to include in their strategies the issue to transport crude from production sites to markets.EnteNazionaleIdrocarburi-Eni is the Italian state-owned oil company and a relevant oil player in the second half of the 20th century. This article focuses on Enito poin outthat oil businesses,to overcome trading limitations, invested in the creation of an oil transportation systemincluding naval fleets, ports and pipelines. Initially, the article displays the relationship between the oil market growth and the development of crude transportationsafter WWII until the early 1970s. Secondly, it analyses Eni‟s fleet, describingthe enlargement path of vesselsas well asthe increase in petroleum ships size, emphasising their limitations and constraints. Furthermore, it gives an international perspective. Finally, it analyses the development of ports and pipelines, i.e. the final tiles that complete the oil supply chain. Introduction In the 20th century,petroleumbecame a pivotal energy resource in developed nations, as well as a key component in the manufacturing of products and goods. Beyond the economic impact, the exploitation of oil and its derivatives affectedinnovations and technologies andit had repercussion on politics and on international relationships. No less important, it influenced societies and cultures, changing lifestyles and creating a „petroleum culture‟i.
    [Show full text]
  • Eni Refining & Marketing Gela Refinery
    our refineries In Italy, eni refining & marketing is the leading eni is a major integrated energy company, committed to growth in the activities eni’s business model for the creation of sustainable value is based on assets operator in the refining industry and owns five of finding, producing, transporting, transforming and marketing oil and gas. and strategic guidelines in a framework of clear rules of governance, with the refineries: Sannazzaro de’ Burgondi (PV), Livorno, he company has global operations in 90 countries and employs about highest ethical standards and rigorous enterprise risk management. When Porto Marghera (VE), Taranto and Gela. 78 thousand people. implementing its strategy and running its day-to-day operations, eni’s efforts are inspired by these key drivers: cooperation, integration, innovation, excellence, It has shares in the Milazzo Refinery and in eni’s strong presence in the gas market and in the liquefaction of natural gas, inclusion, responsibility the European companies Bayern Oil and PCK consolidated skills in the power generation and refinery activities, strengthened (Germany) and in Ceska Rafinerska (Czech by world class skills in engineering and project management, allow the company In 2013, eni confirmed its presence in the Dow Jones Sustainability World and Republic). In addition, it produces lubricants to catch opportunities in the market and to realize integrated projects. Europe indexes. In addition, eni entered the 2012 Carbon Performance Leadership and oxygenated products for fuels. Index, the only company present from the Energy sector. Venezia Through eni trading & shipping, r&m operates in the crude oil and product trading market, both with fixed-term contracts and in the spot market, in order to ensure the supply of raw materials to meet the needs of the entire refining system and eni’s activities to ensure the marketing of the entire equity crude production of the exploration & production sector.
    [Show full text]
  • International Oil Pollution Compensation Fund
    INTERNATIONAL OIL POLLUTION COMPENSATION FUND ANNUAL REPORT 1991 REPORT ON THE ACTIVITIES OF THE INTERNATIONAL OIL POLLUTION COMPENSATION FUND IN THE CALENDAR YEAR 1991 Printed in Great Britain by: Repro Workshop Lld, Caker Stream Road. AIIon, Hampshire. CONTENTS Page 1 Introduction 7 2 Membership of the IOPC Fund 8 3 Contacts with Governments 10 4 Relations with International Organisations and Interested Circles 11 5 Conferences and Seminars 13 6 Assembly and Executive Committee 14 6.1 Assembly 14 6.2 Executive Committee 15 7 Future of Regime of Compensation Established by the Civil Liability Convention and the Fund Convention 17 7.1 The 1984 Protocols 17 7.2 Intersessional Working Group 17 7.3 Discussions at the Assembly ; 18 7.4 Action Taken by IMO 20 8 Secretariat 21 9 Accounts of the IOPC Fund 22 10 Contributions 23 11 Investment of Funds 26 12 Settlement of Claims 27 12.1 General Information 27 - - -- 12.2 Incidents Dealt with by the IOPC Fund during 1991 28 PATMOS 28 THUNTANK 5 31 AKARI 31 TOLM IROS 33 AMAZZONE 36 CZANTORIA 39 KASUGA MARU N°1 39 NESTUCCA - 40 TSUBAME MARU N°58 40 DAINICHI MARU N°S 41 KAZUEI MARU N°10 41 FWI MARU N°3 42 VOLGONEFT 263 43 HATO MARU N°2 - 44 BONITO :: 44 RIO ORINOCO 45 PORTFIELD : 51 VISTABELLA 52 HOKUNAN MARU N°12 54 AGIP ABRUZZO 54 HAVEN 59 KAIKO MARU N°86 70 KUMI MARU N°12 70 13 Concluding Remarks 72 Annexes I Structure of the IOPC Fund 73 11 Note on Published Financial Statements 74 III Income and Expenditure Account - General Fund 75 IV Income and Expenditure Account - BRADY MARIA Major Claims
    [Show full text]